The choice should depend on the size of the retirement corpus, stage in life, and state of health.
Senior citizens should avoid putting their entire retirement corpus in SCSS.
Remember, pension from EPS will be taxable at slab rate, reducing the post-tax income for people who remain in the higher tax brackets after retirement.
Group term insurance is far more cost-effective than an individual cover.
The rally in silver may continue if the global economic recovery remains on course.
'Starting an SIP now and continuing with it is likely to translate into high returns over the long term.'
'Non-par plans returns are not market-linked. Hence, they can offer guaranteed returns.'
'Negotiate a longer agreement with the escalation clause fixed now.' 'This will enable you to control future cost increases.'
'Investors don't have to worry about underperformance in passive funds, which earn market-equivalent returns.'
While equity savings funds could offer higher returns over three-five years, they would also be more volatile.
Avoid discontinuing your SIPs. Persist for at least 7-10 years.
'Banks will continue to increase FD rates to attract more deposits and meet the increasing demand for credit.'
The Indian office real estate market, which had recovered significantly in early 2022, began to slow down in the latter half due to macroeconomic problems in the developed world. Rental yields are likely to be stable at best in FY24.
Avoid discontinuing your SIPs. Persist for at least 7-10 years.
All employees should supplement the employer-sponsored health cover with a personal cover.
'Continue with your SIPs to get the benefit of lower average prices in this challenging market environment.'
Be wary of co-operative banks which have historically been most vulnerable.
'While many policies say that they will cover mental illnesses, the wordings of a few still have mental illness as a permanent exclusion.' 'After the new IRDAI circular, such exclusions should go away.'
Suppose you had bought a television set that came with a one-year warranty. It breaks down two years after purchase. You can't react emotionally and say that such an expensive set should last for at least five-six years.
Seek advice from Sebi-registered investment advisors whose names are available on Sebi's Web site.
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